Risk and Insurance Management Consulting Services
Risk and Insurance Management Consulting Services The expression “consulting services” defines services of an intellectual and advisory nature provided by consultants using their professional skills to study, design, and organize specific projects, advise clients, conduct training, and transfer knowledge. Borrowers engage consultants principally for the following reasons: Ÿ Consultants offer Borrowers a more efficient allocation of resources by providing specialized services for limited amounts of time without any obligation of permanent employment on the part of the Borrower. Ÿ Consultants, engaged for their superior knowledge, transfer skills and upgrade the knowledge base of their client while executing the assignment. Knowledge transfer from consultants to the Borrower often forms an important part of the assignment. Ÿ Consultants can offer independent advice to their client on the most suitable approaches, methodologies, and solutions for their projects. Cons